Deferred Compensation Management Council Meeting

September 27, 2022

The Special Meeting will be held at 3:30 p.m. at the Fresno County Employees Retirement Association, 7772 N. Palm Ave., Fresno, CA 93711

Click here at 3:30 p.m. on Tuesday, September 27, 2022 to listen to the meeting live.

 

• Special Meeting Agenda - September 27, 2022

• Item 1 - Call to Order.

• Item 2 - Public Comment.

• Item 3 - Approve the September 27, 2022 Agenda.

• Item 4 - Approve the Action Summary Minutes from the June 2, 2022 meeting.

• Item 5 - Receive and File the Deferred Compensation Plan Participation Report, prepared by County staff.

• Item 6 - Receive and File and Approve Actions related to the County of Fresno Deferred Compensation Plan Budget.

  • a. Receive and File the 2021-22 Fiscal Year-End Deferred Compensation Plan Budget Report, prepared by County staff;

  • b. Approve a pro rata distribution of $145,880 to current Deferred Compensation Plan participants based on each participant’s percentage of Deferred Compensation Plan assets as of June 30, 2022.

• Item 7 - Approve the proposed amended Deferred Compensation Management Council Bylaws (5 vote requirement) and direct staff to submit the proposed amended Bylaws to the Board of Supervisors for approval.

• Item 8 - Receive and File the Deferred Compensation Plan Review as of June 30, 2022, prepared by Nationwide Retirement Solutions.

• Item 9 - Approve proposed amendments to the Statement of Investment Objective and Policy Guidelines.

• Item 10 - Receive and File and Approve Actions related to Deferred Compensation Plan Investments.

  • a. Receive and File the Deferred Compensation Plan Investment Review as of June 30, 2022, prepared by Northwest Capital Management.

  • b. Approve keeping Alger Small Cap Focus Y (AOFYX) on the watch list.

  • c. Approve keeping Alger Spectra Y (ASPYX) on the watch list.

  • d. Approve keeping Invesco Developing Markets R6 (ODVIX) on the watch list.

  • e. Approve keeping Fidelity Advisor Real Estate Income I (FRIRX) on the watch list.

  • f. Approve removing Columbia Dividend Income (CDDYX) from the watch list.